Alco International Group Sells Fort Lauderdale Condo On Bayshore Drive For $75M
435 Bayshore Drive, Fort Lauderdale, FL, USA
$75,000,000
$18,359/SF
Building Size
4,085 SF
Asset Type
—
Closing
Jul 29, 2020
About this deal
AI
Located at 435 Bayshore Drive in Fort Lauderdale, this recently closed transaction involved the sale of a condominium property. The sale was completed on July 29, 2021, and the property was sold for a total price of $75,000,000.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $75,000,000
The seller of the property was Alco International Group, a company known for its investments in real estate. The sale was facilitated by ONE Sotheby’s International Realty, who acted as the broker representing the seller in the deal.
Players
Fort Lauderdale CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93